DV vs. APP

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleVerify Holdings, Inc. (DV) and AppLovin Corporation (APP).

Performance

DV vs. APP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleVerify Holdings, Inc. (DV) and AppLovin Corporation (APP). The values are adjusted to include any dividend payments, if applicable.

DV vs. APP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DV DoubleVerify Holdings, Inc.	-16.96%	-40.45%	-47.77%	67.49%	-34.01%	-7.56%
APP AppLovin Corporation	-40.93%	108.08%	712.62%	278.44%	-88.83%	52.50%

Fundamentals

Market Cap DV : $1.58B APP : $135.28B
EPS DV : $0.30 APP : $9.78
PE Ratio DV : 31.25 APP : 40.71
PEG Ratio DV : 1.55 APP : 0.12
PS Ratio DV : 2.12 APP : 24.76
PB Ratio DV : 1.40 APP : 63.37
Total Revenue (TTM) DV : $748.29M APP : $5.48B
Gross Profit (TTM) DV : $614.79M APP : $4.82B
EBITDA (TTM) DV : $141.02M APP : $4.12B

Returns By Period

In the year-to-date period, DV achieves a -16.96% return, which is significantly higher than APP's -40.93% return.

DV

• 1D: 0.11%
• 1M: -9.87%
• YTD: -16.96%
• 6M: -20.70%
• 1Y: -28.95%
• 3Y*: -31.95%
• 5Y*: —
• 10Y*: —

APP

• 1D: 6.97%
• 1M: -8.46%
• YTD: -40.93%
• 6M: -44.61%
• 1Y: 50.21%
• 3Y*: 193.45%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DV vs. APP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DV

DV Risk / Return Rank: 17
DV Sharpe Ratio Rank: 13
DV Sortino Ratio Rank: 15
DV Omega Ratio Rank: 14
DV Calmar Ratio Rank: 20
DV Martin Ratio Rank: 20

APP

APP Risk / Return Rank: 64
APP Sharpe Ratio Rank: 66
APP Sortino Ratio Rank: 64
APP Omega Ratio Rank: 64
APP Calmar Ratio Rank: 63
APP Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DV vs. APP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleVerify Holdings, Inc. (DV) and AppLovin Corporation (APP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DV	APP	Difference
Sharpe ratio Return per unit of total volatility	-0.66	0.67	-1.33
Sortino ratio Return per unit of downside risk	-0.76	1.29	-2.06
Omega ratio Gain probability vs. loss probability	0.90	1.17	-0.27
Calmar ratio Return relative to maximum drawdown	-0.63	0.92	-1.55
Martin ratio Return relative to average drawdown	-1.13	2.24	-3.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DV vs. APP - Sharpe Ratio Comparison

The current DV Sharpe Ratio is -0.66, which is lower than the APP Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of DV and APP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DV	APP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.66	0.67	-1.33
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	0.57	-1.01

Correlation

The correlation between DV and APP is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DV vs. APP - Dividend Comparison

Neither DV nor APP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DV vs. APP - Drawdown Comparison

The maximum DV drawdown since its inception was -81.19%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for DV and APP.

Drawdown Indicators

	DV	APP	Difference
Max Drawdown Largest peak-to-trough decline	-81.19%	-91.90%	+10.71%
Max Drawdown (1Y) Largest decline over 1 year	-45.61%	-49.99%	+4.38%
Current Drawdown Current decline from peak	-79.81%	-45.75%	-34.06%
Average Drawdown Average peak-to-trough decline	-46.80%	-42.76%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.40%	20.59%	+4.81%

Volatility

DV vs. APP - Volatility Comparison

The current volatility for DoubleVerify Holdings, Inc. (DV) is 10.16%, while AppLovin Corporation (APP) has a volatility of 21.74%. This indicates that DV experiences smaller price fluctuations and is considered to be less risky than APP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DV	APP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.16%	21.74%	-11.58%
Volatility (6M) Calculated over the trailing 6-month period	32.36%	58.38%	-26.02%
Volatility (1Y) Calculated over the trailing 1-year period	43.87%	75.93%	-32.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.28%	77.95%	-24.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.28%	77.95%	-24.67%

Financials